| 0KDU Stock | | | 5.67 0.19 3.47% |
Overstock financial indicator trend analysis is much more than just breaking down Overstock prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Overstock is a good investment. Please check the relationship between Overstock Capital Expenditures and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Overstock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Overstock Capital Expenditures account and
Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Overstock's Capital Expenditures and Net Income is -0.01. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Overstock, assuming nothing else is changed. The correlation between historical values of Overstock's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Overstock are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Overstock's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | -0.01 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by Overstock to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Overstock operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Overstock financial statement analysis. It represents the amount of money remaining after all of Overstock operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Overstock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Overstock current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Overstock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Overstock's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 262.7
M in 2024, whereas
Tax Provision is likely to drop slightly above 845.6
K in 2024.
Overstock fundamental ratios Correlations
Click cells to compare fundamentals
Overstock Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Overstock fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Overstock Stock Analysis
When running Overstock's price analysis, check to
measure Overstock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Overstock is operating at the current time. Most of Overstock's value examination focuses on studying past and present price action to
predict the probability of Overstock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Overstock's price. Additionally, you may evaluate how the addition of Overstock to your portfolios can decrease your overall portfolio volatility.